During Q3, PT. Larkin Elektrik Indonesia experienced a 15% increase in revenue compared to the previous quarter, largely due to the successful launch of our new product line. However, operating expenses also increased by 7% due to higher raw material costs and increased marketing activities. Net profit margin remained steady at 20%.
Our cash flow was positive, but we faced challenges with account receivables due to delayed payments from several major clients.
The audit report showed no significant issues, and our financial position remains strong. However, we need to continue monitoring our expenses and improve our receivables collection to ensure sustained profitability.
For the next quarter, we will focus on cost optimization strategies and explore potential new markets to expand our customer base. We will also implement stricter credit control measures to manage our receivables better.More...